12 stories mentioning SGX:A17UUpdated 17d ago
Every FINWIRES story that references SGX:A17U, newest first.
CapitaLand Ascendas REIT (SGX:A17U) completed the acquisition and leaseback of a logistics estate in Singapore, according to a Thursday filing with the Singapore Exchange.The industrial and logistics REIT utilized an additional SG$218.3 million from around SG$903.5 million from an equity fundraising exercise to partly finance the transaction.
CapitaLand Ascendas REIT (SGX:A17U) completed the acquisition of a modern ramp-up logistics property in Singapore, according to a Tuesday filing with the Singapore Exchange.The industrial and logistics REIT used an additional SG$82.2 million of the gross proceeds from an earlier equity fund raising, to partially finance the acquisition.The trust had earlier disclosed the SG$133.9 million purchase.
CapitaLand Ascendas REIT's (SGX:A17U) distribution per unit, or DPU, edged up in the first half to SG$0.07482 from SG$0.07477 a year earlier.Total amount available for distribution rose by 8.6% to SG$359.4 million from SG$331.1 million in the prior period, according to a Wednesday filing with the Singapore Exchange by the real estate group.Net property income came in at SG$556.1 million, compared with SG$523.4 million in the year-ago period. Gross revenue was up 6.7% to SG$805.5 million from SG$754.8 million.
CapitaLand Ascendas REIT (SGX:A17U) is selling Kim Chuan Telecommunications Complex for SG$200.4 million.The 10-storey industrial complex at 38 Kim Chuan Road in Singapore is being sold to a third party, according to a Wednesday release by the REIT.The company will use proceeds for financing committed investments, repaying debt, extending loans to units, general corporate and working capital needs, and distributions to shareholders.The sale is expected to be completed in the second half of 2026.
CapitaLand Ascendas REIT (SGX:A17U) plans to reallocate SG$30.9 million from its SG$903.5 million fund raise towards debt repayment rather than for part-financing a potential acquisition, according to a filing to the Singapore stock exchange on Thursday.The company had initially earmarked S$30.4 million to partially finance the potential acquisition of a light industrial asset in Singapore; however, it has since dropped the plan and plans to use the funds for debt repayment purposes.Out of the total gross proceeds, SG$4.2 million was used to pay the estimated fees and expenses incurred in connection with the equity fund raising, while the reallocated SG$30.9 million was fully deployed for debt repayment purposes, bringing the cumulative utilization across these two categories to SG$35.1 million.The total gross proceeds of SG$903.5 million were raised through a multi-tranche equity fund raising earlier this year, which included a private placement of 249.4 million units at SG$2.406 per unit alongside a concurrent preferential offering.
Mun Siong Engineering (SGX:MF6) named Kirk Keng Chong as its group chief financial officer, effective June 8, according to a same-day filing with the Singapore Exchange.Shares of the integrated engineering solutions provider slid nearly 22% in Tuesday's late-morning trade.Kirk was formerly a vice president of finance of CapitaLand Ascendas REIT Management, the manager of CapitaLand Ascendas REIT (SGX:A17U).
CapitaLand Ascendas REIT (SGX:A17U) has agreed to acquire 5 Tuas Avenue 5 in Singapore for SG$133.9 million from Hup Hin Transport Co, according to a local bourse filing on Thursday.The asset is a seven-story, ramp-up logistics property that was completed in 2021. It is currently fully occupied by four tenants, including the seller. It will have a weighted average lease expiry of five years with an annual rental escalation of 2%.The acquisition is expected to be completed by the second half of 2026, after which CapitaLand Ascendas' logistics portfolio across Singapore, Australia, the US, the UK, and Europe will increase to around SG$4.9 billion.
CapitaLand Ascendas REIT (SGX:A17U) along with CapitaLand Development, launched Geneo, a SG$1.4 billion life sciences and innovation hub at Singapore Science Park, according to a Friday filing with the Singapore Exchange.Geneo spans across an area of 180,600 square meters and comprises three properties, which include laboratories and business park workspaces.
CapitaLand Ascendas REIT (SGX:A17U) completed the acquisition of a data center in Japan, according to a Thursday filing with the Singapore Exchange.Around SG$188.3 million of the gross proceeds of about SG$903.5 million from an equity fundraising were used to partially finance the acquisition, the filing said.
CapitaLand Ascendas REIT's (SGX:A17U) portfolio occupancy dropped to 90.5% during the first quarter of the year from 91.5% in the prior quarter, according to a Monday filing with the Singapore Exchange.Portfolio rental revision stood at 10.6%, compared to 11% a year earlier.Meanwhile, weighted average lease expiry came in at 3.8 years.
CapitaLand Ascendas REIT (SGX:A17U) listed 129.1 million new units on the main board of the Singapore Exchange, according to a Thursday filing with the bourse.The new units, issued under a preferential offering, were priced at SG$2.35 per unit. The listing follows a fundraising launched in late March, which sought to raise gross proceeds of at least SG$900 million through a combination of private placements and preferential offerings.
CapitaLand Ascendas REIT (SGX:A17U) said it had received valid acceptances and excess applications for around 315.4 million preferential offering units at the close on April 15, according to a Friday filing with the Singapore Exchange.Shares of the REIT were down under 1% in Monday trading.The new units are expected to be listed and quoted on April 23.The REIT had launched an equity fund raising exercise to raise gross proceeds of no less than around SG$900 million in March.
